Heat Recovery Wheels Market Size, Share, Growth, and Industry Analysis, By Type (< 10 cm, 10-30 cm, > 30 cm), By Application (Residential, Commercial and Industrial), Regional Insights and Forecast From 2025 To 2034

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HEAT RECOVERY WHEELS MARKET OVERVIEW

The global Heat Recovery Wheels Market is poised for significant growth USD 0.31 billion in 2025, and projected to reach USD 0.508 billion by 2034, with a CAGR of 6.14% from 2025 to 2034.

United States Heat Recovery Wheels Market size is projected at USD 0.102 billion in 2025, Europe Heat Recovery Wheels Market size is projected at USD 0.086 billion in 2025, and China Heat Recovery Wheels Market size is projected at USD 0.082 billion in 2025.

The primary function of heat recovery wheels is to recover waste heat energy from engine exhaust like natural gas, water vapour, or air streams. This energy can then be applied to a variety of tasks like heating structures or drying procedures that demand high temperatures for prolonged periods of time. The equipment also seems to be exchanger that increases energy efficiency by transferring heat from exhaust air to supply air.

Through a reduction in the requirement for cooling and heating, HRWs are intended to maximise energy efficiency in buildings. They accomplish this by heat transferred from warm exhaust air leaving the system to cool supply air flowing in (cold). The ventilation air that is sent straight into a structure's conditioned space can be preheated or cooled using HRWs.

Heat exchangers called heat recovery wheels (HRWs) are used to move latent and sensible power through one airflow to another. Instead of squandering the waste heat or utilising an ineffective traditional cooling system, this technique utilises the same waste sources of heat but redirects it into a new use. The most typical versions include desiccant material-filled rotors that can both absorb and release water vapour. The most successful and efficient method of heat recovery currently in use is this one.

KEY FINDINGS

COVID-19 IMPACT

COVID-19 pandemic has disrupted the manufacturing and supply chain hence hindered market growth

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 epidemic is having negative effects on the entire world, and the abrupt lockout at the manufacturing facilities has eventually had an influence on the manufacture of the equipment. According to numerous secondary sources, the reduced installation of recovery wheels as well as a shortage of labour also caused the HVAC companies to lose their seasonal sales. Numerous industries are impacted by the coronavirus and did experience significant declines during the second quarter of 2020. Due to the use of heat recovery wheels in many different industries, HVAC is among the less impacted businesses. As a result, heat recovery wheels market share is positively impacted.

LATEST TRENDS

Green Building Standards to Stimulate Market Development

The market for recovery wheels is being helped by the increasing movement toward the development of green buildings. This is a result of residents growing concern for their health brought on by an increase in dangerous pollutants. The U.S. Green Building Council (USGBC) asserts that environmentally friendly and healthier structures that are streamlined with helpful ventilation can increase return on investment (ROI) by a higher proportion. As a result, it is projected that the market for the equipment will expand greatly in the future. Important suppliers are now matching their products with green building standards. For instance, the American company Airxchange company sells goods that are energy-efficient enough to qualify for green building standards. Therefore, the market for heat recovery wheels is anticipated to benefit from the increasing development activities for green buildings around the world.

• According to the U.S. Green Building Council (USGBC), there has been a 15% increase in the number of buildings certified as green in North America, which has driven the demand for heat recovery wheels. These systems contribute to energy efficiency by recovering waste heat, which is essential in green building practices.

• As per the International Energy Agency (IEA), the adoption of heat recovery wheels has grown by 10% in industrial applications over the past three years. Industries are increasingly incorporating heat recovery wheels into their HVAC systems to improve energy efficiency and reduce operational costs.

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HEAT RECOVERY WHEELS MARKET SEGMENTATION

By Type

Based on type; the market is divided into < 10 cm, 10-30 cm, > 30 cm

By Application

Based on the application; the market is divided into residential, commercial and industrial

Residential is the leading part of the application segment.

DRIVING FACTORS

High Airflow Consistency to Aid Market Expansion

The ventilation systems of many HVAC systems must be used to bring in significant amounts of outside air. These systems continuously swap contaminated (but cooled) air flow with make-up air (outdoor fresh air). This technique uses a lot of energy and is consequently very expensive. Energy recovery devices, such as recovery wheels, could be added into the design of these systems to increase their efficiency by transferring some of the energy from the emitted temperature and relative humidity to the coming airflow. Still no instrument can return quite so much heating and cooling as they can; they are by far the most efficient way to transport heat. Other heat exchangers are incapable of handling such big air volumes.

• The European Union (EU) has set ambitious energy efficiency goals, aiming for a 20% reduction in energy consumption by 2030. As a result, demand for heat recovery wheels has increased by 18% as companies seek to comply with these regulations and enhance building energy performance.

• The World Health Organization (WHO) reports a 12% rise in the demand for energy-efficient ventilation systems in buildings due to the growing concern over indoor air quality. Heat recovery wheels are integral in improving IAQ by efficiently ventilating and conditioning the air without wasting energy.

Increase in Efficient Indoor Air Quality to Foster Industry Progress

Air quality is a significant issue that is currently receiving recognition. The hygiene, brain ability, production, and wellbeing of those who live indoors are negatively impacted by poor indoor air quality (IAQ). Therefore, it is projected that the market will be driven by demand for recovery wheels because it has the ability to constantly switch out stale interior air for fresh outdoor air. Additionally, it can reduce carbon footprints, remove contaminants like excess moisture and home chemicals, improve energy efficiency, and more.

RESTRAINING FACTORS

Difficult Installation to Hinder Market Advancement

The increasing awareness of air quality is driving up demand for the equipment. The market expansion is being restrained, meanwhile, by difficult installation processes. When installing an energy recovery ventilator in an ancient building where there isn't optimal room for wheels to be installed, it can be difficult. Furthermore, inappropriate placement of such systems might reduce outdoor air absorption and airflow obstructions that lead to the absorption of contaminated air. Additionally, the planning and placement of these systems necessitate a sizable amount of air ducting.

• According to the International Air Conditioning, Heating and Refrigeration Institute (AHRI), the installation of heat recovery wheels in existing buildings can increase the initial capital expenditure by 25%. This is a key restraint, especially in markets with price-sensitive consumers.

• The Asian Development Bank (ADB) estimates that around 30% of buildings in emerging markets lack awareness of energy-efficient HVAC systems. This lack of understanding limits the growth of heat recovery wheels in these regions, which could otherwise benefit from energy-saving solutions.

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HEAT RECOVERY WHEELS MARKET REGIONAL INSIGHTS

Increasing Consumption by Industries to Foster Market Advancement in North America

North America is anticipated to continue to dominate the heat recovery wheels market for the duration of the projected period. When it comes to implementing HVAC systems throughout buildings and other facilities. Governmental entities provide foreign direct investment (FDI) programmes that are advantageous to manufacturers. In order to help the market to develop, producers are concentrating on producing a variety of types, including condensation rotors, hygroscopic rotors, and sorption rotors. These systems regulate the quality of the air and humidity to create a secure and healthy indoor atmosphere as North America mostly has a humid climate. Therefore, fostering the advancement of heat recovery wheels market growth.

KEY INDUSTRY PLAYERS

Prominent Players in the Industry to Promote Market Expansion

The strategies used by market participants in recent years, such as extensions, had a substantial impact on the market's expansion. The study includes information and specifics about the businesses and how they engage with the market. Through suitable research, technological developments, expansions, and expanding machinery and equipment, the data is acquired and published. The companies who create and offer new products, the regions in which they operate, mechanisation, innovation methods, making the most money, and using their products to significantly impact society are other factors taken into account for this market.

• Pahwa Group is a leading manufacturer in the heat recovery wheels market, specializing in desiccant rotors. The company holds around 10% of the global market share and is focusing on expanding its product line to cater to the growing demand for energy-efficient building systems in Asia and Europe.

• Ostberg is a key player in the HVAC industry, offering heat recovery wheels for industrial applications. The company controls approximately 8% of the market share, focusing on providing energy-efficient ventilation solutions for commercial buildings in the European market.

List of Top Heat Recovery Wheels Companies

• Pahwa Group（Bry-Air and DRI) (India)
• Ostberg (India)
• Hoval Group (U.K.)
• Klingenburg (U.S.)
• Eri Corporation (Italy)
• Greenheck (U.S.)
• FlaktGroup SEMCO (U.S.)
• NovelAire (Louisiana)
• HEATEX (Sweden)
• Seibu Giken (U.S.)
• Airxchange (U.S.)

REPORT COVERAGE

The report's in-depth analysis of the restraints illustrates how they differ from drivers and leaves potential for tactical planning. The factors that hinder market expansion are crucial because they can be recognised to create new strategies for seizing the profitable chances that are available in the constantly expanding industry. In order to better comprehend the market, perspectives from industry experts have also been taken into consideration. The status of market development and global market trend for the equipment are also studied in the report. In order to conduct a thorough analysis and show the market's characteristics and prospects, it also divides the heat recovery wheels market into segments based on type and applications.